You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.


  • Consumer spending drops as car sales stall
    WASHINGTON – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.
  • Soaring stocks, dueling forecasts
    NEW YORK – Is it time to cash out of stocks?
  • Ford's sleek new pony off and running
    Ford began production of the all-new 2015 Mustang on Thursday, and if it sells well the Flat Rock, Michigan, assembly plant could add a third shift.There are some hurdles to overcome first.

PNC quarterly earnings down 3%

PNC Financial Services Group Inc. on Wednesday reported first-quarter earnings of $811 million, or $1.44 per diluted common share, a 3 percent decline from the $832 million, or $1.57 a share, posted for the same three months of 2011.

The Pittsburgh-based bank entered the Fort Wayne market in 2009 with the acquisition of Cleveland-based National City.

During the quarter ended March 31, PNC completed another acquisition -- RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada. The purchase of more than 400 branches brings PNC’s total to 2,900 bank branches in 17 states and the District of Columbia.

James Rohr, chairman and CEO, said PNC will focus on growing its market share in the Southeast, the location of the former RBC branches.